As the cryptocurrency industry undergoes rapid evolution, it is crucial to stay updated for making well-informed decisions. Each day brings forth new trends that reshape the digital currency landscape. By staying informed and adopting a data-driven approach, individuals can seize opportunities and navigate the dynamic world of cryptocurrencies confidently and flexibly. In line with this,…
Investors Accuse Elon Musk of Manipulating DOGE Price in Lawsuit A group of investors is suing billionaire and Dogecoin enthusiast Elon Musk, alleging that he manipulated the price of the memecoin for insider trading purposes. The lawsuit, filed in Manhattan federal court, claims that Musk’s decision to change Twitter’s logo to the doge mascot in…
Binance Burns Over 1 Billion LUNC Worth $88K, Total LUNC Burns Surpass 60 Billion Binance Burns Over 1 Billion LUNC Tokens Worth $88,707 in Latest Incineration Event According to data from Terra Finder, Binance conducted a significant burn of 1,044,105,203 LUNC tokens, equivalent to $88,707, on June 1 at 5:14 pm. This burn represented 50%…
Nigeria’s journey with cryptocurrencies has been characterized by a mixture of enthusiasm and opposition. While the citizens have shown great interest and acceptance towards digital assets, the government has maintained a strong stance against them. This has led to the implementation of a ban on cryptocurrencies within the country, effectively prohibiting individuals from conducting crypto…
SYS Labs has revealed the official release date for Rollux, their innovative EVM-L2 scaling platform. This groundbreaking platform, announced on June 1, aims to transform the blockchain industry by introducing unprecedented levels of transaction speed, security, and cost efficiency. Its launch is expected to set new standards and bring exciting advancements to the world of…
Kazakhstan Police Arrest Alleged Mastermind of Fake Crypto Trading Platform Police in Kazakhstan have announced the shutdown of a suspected fraudulent cryptocurrency trading platform, resulting in the arrest of the alleged mastermind. The Ministry of Internal Affairs revealed that a 23-year-old individual, whose name begins with L and was born in 1999, was apprehended. The…
Russian Firms Appeal to President Putin for Crypto Support and Legalization for International Settlements Russian President Vladimir Putin has received a request to assist in the legalization of cryptocurrency payment businesses. The request was made through the annual report of Russia’s Business Ombudsman, Boris Titov, who operates from the Kremlin. In Russia, cryptocurrencies such as…
Coinbase, the largest cryptocurrency exchange in the United States, revealed its plans to launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5 through its regulated derivatives exchange. These futures products are specifically targeted towards institutional investors. Coinbase Introduces Bitcoin (BTC) and Ethereum (ETH) Futures Coinbase has revealed that its institutional-sized contracts for Bitcoin…
ANA Group, also known as All Nippon Airways, has introduced the “ANA GranWhale NFT MarketPlace,” an NFT platform for trading art and photograph collectibles. The platform operates under ANA NEO, the company’s metaverse subsidiary, as revealed in a recent tweet. According to a statement issued on May 30, ANA announced the availability of the first…
In an exciting development towards wider acceptance of cryptocurrencies in gaming, Nike’s “virtual creations” are set to be seamlessly integrated into EA Sports games in the upcoming months. Nike’s dedicated non-fungible token (NFT) platform, .Swoosh, is on track to join forces with EA Sports, opening up the possibility of featuring Nike’s virtual footwear and apparel…
Crypto Twitter Users Caution Against Clicking Suspicious Link on OpenAI CTO Mura Murati’s Twitter Account, Offering Free Airdrop. Crypto Twitter inundated with warnings as OpenAI CTO’s hacked account promotes “scam” crypto airdrop. On June 2, Murati’s Twitter account shared a potentially malicious link, claiming to offer an airdrop of a cryptocurrency named OPENAI, supposedly inspired…
Memcoin quickly gained popularity among merchants as their preferred coin for fast profits. Simultaneously, investors flocked to this new meme-coin with hopes of making significant gains. However, the excitement surrounding Pepe Coin has now started to fade. Glauber Contessoto, a Dogecoin multimillionaire, took to Twitter to officially declare the death of Pepe Coin. $PEPE IS…
EU Study Recommends Treating All Crypto Assets as Securities by Default and Granting Legal Status to DeFi Organizations. Lawmakers at the European Parliament have commissioned a study suggesting that all crypto assets should be considered as securities by default. The study also recommends granting legal recognition to decentralized finance (DeFi) organizations. This marks a significant…
According to the Financial Action Task Force, the country’s central bank must actively identify and penalize service providers that violate the 2019 ban. A global anti-money laundering watchdog reported on Wednesday that Qatar has shown minimal action against cryptocurrency companies that are disregarding a ban imposed in 2019. Accusing the country of being lenient in…
Starting from September 1, 2023, the National Bank of Georgia will initiate mandatory supervision of virtual asset service providers. This move aims to strengthen regulatory oversight and ensure compliance with anti-money laundering measures in the cryptocurrency sector. The National Bank of Georgia is taking proactive steps to enhance the integrity and security of virtual asset…
Meme token now accepted for purchases on AliExpress, announces token team on Twitter. You can now purchase products on #AliExpress using $FLOKI through https://t.co/ee0PBRn2Nh!🔥 Buy from a selection of over 100 million items and enjoy shipping to over 200 countries.#FLOKI's ecosystem keeps growing!💪🏽 https://t.co/XEeOLamoQ9 — FLOKI (@RealFlokiInu) May 31, 2023 Floki Inu (FLOKI), a meme…
Price of Binance-Listed Altcoin Surges Amidst Partnership Announcement Sui Network (SUI), a leading blockchain and smart contract platform, has recently revealed an exciting partnership with Red Bull Racing, a renowned Formula 1 team with a remarkable track record. This collaboration establishes Sui Network as the Official Blockchain Partner of Red Bull Racing. As part of…
During a speech on Thursday, European Central Bank President Christine Lagarde indicated that it is still uncertain if core inflation has reached its highest point in the euro zone. This suggests that there could be additional increases in interest rates across the continent. European Central Bank President Christine Lagarde, in a speech delivered on Thursday…
Shiba Inu (SHIB) and Tradecurve (TCRV): Exploring Insights with Google Bards As more investors seek diversification, two projects have recently gained attention in the crypto world. Shiba Inu (SHIB), a popular meme-token, and Tradecurve (TCRV), an emerging trading platform currently in its presale phase, have captured the spotlight. In this article, we delve into valuable…
Tether (USDT) Maintains Strong Grip on Stablecoin Market, Surpasses $83 Billion Market Cap Record While USDT is achieving new heights in terms of market capitalization, other stablecoins are facing challenges in maintaining their market dominance. USDT has reached a new all-time high market capitalization, coinciding with difficulties faced by other stablecoin issuers due to regulatory…
Floki Inu, the fourth-largest meme coin based on market capitalization, has announced an important partnership. The collaboration, which begins today, focuses on promoting the use of Floki through a marketing campaign in conjunction with Binance Pay. As part of the campaign, users will be rewarded for their participation. According to the announcement, users who buy…
What Is Cryptocurrency Exchange ? A cryptocurrency exchange is a platform that allows users to buy, sell, and trade cryptocurrencies. These exchanges serve as intermediaries, facilitating the conversion of fiat currencies (such as US dollars or euros) into cryptocurrencies and vice versa. They also enable users to trade one cryptocurrency for another. Here Is The…
Binance Australia Stops Accepting AUD Deposits and Withdrawals, Introduces Free P2P Trading Binance Australia has stopped accepting Australian dollar (AUD) deposits and withdrawals through bank transfers. They have also discontinued all AUD trading pairs. However, users in Australia can still withdraw and trade by converting AUD to USDT. They can purchase and sell cryptocurrencies using…
Bitcoin’s value declined by 1.36% in a 24-hour period, reaching $26,805. Similarly, Ether experienced a slip of 0.82%, settling at $1,854. Bitcoin’s value dropped below $27,000 during Thursday afternoon trading in Asia. Other major cryptocurrencies like Ether also experienced declines, but most of them showed gains for the week. Cardano was the biggest loser of…
Gemini, a cryptocurrency exchange founded by the Winklevoss twins, is set to obtain a license to offer crypto services to customers in the United Arab Emirates (UAE). Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is expanding into the UAE market due to the increasing interest in cryptocurrencies among UAE citizens. The decision to…
Fantom’s Gas Monetization Program is Now Active, Allowing dApps to Earn Rewards, through the Gas Monetization Program and Now Eligible to Receive 15% of Generated Gas Fees as Rewards. Fantom recently surprised its developers with a rewarding announcement. On May 31, the Fantom Opera network team introduced the Gas Monetization Program. This program aims to…
Crypto.com, based in Singapore, has achieved another regulatory milestone by obtaining a license for digital payment token services. Crypto.com, a cryptocurrency exchange based in Singapore, recently announced that it has received a significant license from the Monetary Authority of Singapore (MAS) to provide digital payment token (DPT) services. This follows Crypto.com’s earlier approval from MAS…
First Digital Group has introduced its own stablecoin, which is available on both the Ethereum and BNB blockchains. First Digital, a trusted custodian and registered trust company Headquartered in Hong Kong, has announced the launch of its new stablecoin called First Digital USD (FDUSD). First Digital, a Hong Kong licensed trust company, launches a new…
XDC Network, a cryptocurrency exchange, has teamed up with SBI, a financial holding company based in Tokyo, to expand its presence in Japan. The announcement led to a 28% surge in the value of XDC’s native token. SBI’s crypto exchange branch, formerly known as XinFin, announced on May 31 that it would integrate XDC’s enterprise…
Pierre Corbin and Hugo Ferrer, who are AI developers and enthusiasts, have created an AI chatbot called ‘Talk2Satoshi’. The purpose of this chatbot is to mimic the knowledge and style of Satoshi Nakamoto, the mysterious creator of Bitcoin (BTC). It can respond to questions related to cryptocurrency and economics, providing insights in a manner similar…
Bitcoin’s mining difficulty reached an all-time high, rising by 3.4% on Thursday. This increase corresponds to the level of effort required by miners to verify transactions on the network. At the same time, the hashrate, which measures the computational power dedicated to mining, also reached a record high. A higher difficulty level means mining Bitcoin…
The US House of Representatives approved a bill to temporarily stop enforcing the debt limit. If passed, the bill would extend the deadline for the country’s debt ceiling until January 1, 2025. Five days before the Treasury’s deadline, the US House of Representatives voted decisively on Wednesday to increase the federal debt ceiling. With support…
Crypto firm Magic, which provides non-custodial wallet infrastructure, has secured $52 million in strategic funding. The funding round was led by PayPal Ventures and counts enterprise clients such as Macy’s and Mattel among its customer base. According to a press release, the funding will support the expansion of Magic’s functionality to cater to additional use…
The Anoma Foundation, a nonprofit organization at the forefront of blockchain technology, is pleased to announce the successful completion of a $25 million funding round. This marks the third round of funding for the foundation, with prominent blockchain venture capital firm CMCC Global as one of the co-leaders. The aim of this funding is to…
Trust Reserve, the company responsible for issuing two stablecoins, had its team arrested by Chinese police on May 29, as reported by PANews. On that day, the team stopped communicating, and their family members were informed. When the news agency visited the project’s office in Shanghai, they discovered a notice indicating “judicial seizure.” The reasons for…
Binance to Stop Trading Monero (XMR), Zcash (ZEC), and Dash (DASH) in France. Binance, the world’s leading cryptocurrency exchange, will disable trading of several privacy coins, including Monero (XMR), Zcash (ZEC), and Dash (DASH), in France. Users residing in France received emails stating that the exchange cited “local regulatory requirements” as the reason for this…
Last week, President Bukele met with Ammous, the author of “The Bitcoin Standard.” While in El Salvador, Ammous gave talks to students at the Cubo+ venue. El Salvador’s President Nayib Bukele has appointed Saifedean Ammous, the author of “The Bitcoin Standard,” as an economic advisor for the country’s newly created National Bitcoin Office. According to…
XDC Network Forms Strategic Partnership with SBI Group’s Subsidiary to Enhance Trade Finance Efficiency in Japan XDC Network has reached a significant milestone by joining forces with SBI Group’s subsidiary, SBI VC Trade, to provide comprehensive services to customers in Japan. With the aim of enhancing efficiency in the Japanese trade finance market, which sees…
FTX’s newly appointed management has expressed concerns regarding the potential financial ramifications. The district judge emphasized that adherence to the legal criteria was the primary factor influencing his decision to escalate the case to a higher court for an appeal. In the aftermath of the FTX collapse, a significant development has unfolded as a judge…
Binance, a popular Bitcoin exchange, has made an announcement stating that it is backing the upcoming upgrade and hard fork of the altcoin Optimism (OP). The scheduled date for this event is June 6, 2023, at 7:00 pm. Binance’s support means that it will facilitate the necessary changes and updates required for the network upgrade…
A high-ranking official from India’s central bank, the Reserve Bank of India (RBI), advised banks to incorporate artificial intelligence (AI) and blockchain technology for long-term growth and stability. During a conference organized by the RBI for directors of Indian banks, Deputy Governor Mahesh Kumar Jain discussed risk management strategies related to sustainable growth and stability….
Cardano, a blockchain platform that uses the ADA cryptocurrency, has made notable progress in development activity, as revealed by cryptocurrency analytics provider Santiment. The frequency of GitHub commits is used to measure the level of development activity in different cryptocurrency platforms. According to the data, Kusama and Polkadot are currently leading in this ranking, demonstrating…
The CEO of Coinbase, Brian Armstrong, has strongly criticized the lack of clear regulations for the crypto industry in the United States. He has consistently argued that this uncertainty will force companies to move their operations overseas. Armstrong further warns that countries like China, which are seen as adversaries to the United States, could gain…
The central banks of Hong Kong and the United Arab Emirates (UAE) are working together to align their financial sectors and collaborate on cryptocurrency regulations and fintech development. HKMA chief executive Eddie Yue (fifth right) and CBUAE governor H.E. Khaled Mohamed Balama (fifth left) pictured with Hong Kong and UAE bank executives. Source: HKMA On May 30, the Hong…
Washington Introduces Bills Addressing CBDCs and Crypto-Related Drug Trafficking As the deadline to raise the debt ceiling approaches, lawmakers are rushing to reach an agreement. Last week, two new bills with a focus on cryptocurrencies were introduced on Capitol Hill. Following several hearings that examined stablecoins, cryptocurrency classification, and regulatory oversight, members of the House…
Bybit, a cryptocurrency exchange, has decided to exit Canada due to recent regulatory developments. In a blog post on Tuesday, Bybit informed its Canadian users that starting from Wednesday, May 31, they would no longer be able to open accounts on the platform. Existing users will lose the ability to deposit funds or trade after…
Hong Kong is actively embracing cryptocurrencies by testing a Central Bank Digital Currency (CBDC) and approving retail trading of crypto. The city has been making significant progress towards being more crypto-friendly throughout the busy month of May. In a recent blog post, Hong Kong’s financial secretary, Paul Chan Mo-po, expressed the region’s intention to regulate…
Binance is creating a separate crypto platform for its users in Japan to comply with local regulations. The new platform will be launched in the summer, and users will be transitioned gradually by discontinuing certain products until November 30. After that, they will lose access to spot trading services but can switch to the local…
Optimism and Sui Brace for Expanded Circulating Token Supplies: As mentioned earlier, the Optimism and Sui cryptographic networks are preparing for a substantial token unlock scheduled to occur this week. This will result in a significant expansion of the circulating supply of tokens for both networks. Optimism’s circulating supply will double as a result of…
NVIDIA Corporation set to achieve $1 trillion market capitalization upon the opening of US markets for trading on Tuesday. US chipmaker company, NVIDIA, reached the $1 trillion market milestone shortly before the opening of US markets on Tuesday. In the pre-market, NVIDIA shares are trading at $407, experiencing an almost 5% increase compared to the…